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Recap-Chapter 3

Total questions: 10

Worksheet time: 10mins

Name
Class
Date
1.

New Economic Reforms

a)

1990

b)

1950

c)

1996

d)

1991

2.

Which institution regulates the financial sector in India?

(a)  

3.

Which of the following is a Navaratna?

a)

a) Indian Oil Corporation Limited

b)

b) Steel Authority of India Limited

c)

c) Hindustan Aeronautics Limited

d)

d) Airport Authority of India

4.

IBRD was another name for which institution?

a)

a) Reserve Bank of India

b)

b) Federal Reserve

c)

c) World Bank

d)

d) Swiss National Bank

5.

The process through which a company hires services from external sources mainly foreign countries is known as?

a)

a) Privatisation

b)

b) Disinvestment

c)

c) Outsourcing

d)

d)Liberalisation

6.

Which policy means integrating of domestic economy with the world economy?


a)

a) Globalization

b)

b) Privatisation

c)

c) Liberalisation

d)

d) None of the above

7.

(a)   (Direct / Indirect) taxes are the taxes levied on commodities.

8.

The Goods and Service Tax Act came into effect from ___________

a)

2001

b)

2016

c)

2017

d)

1995

9.

In 1991, as an immediate measure to resolve the balance of payment crisis, the rupee was (a)   (revalued / devalued) against foreign currencies.

10.

1991 reforms were undertaken under the finance minister ................

a)

PV Narasimha Rao

b)

Dr. Manmohan Singh

c)

Rageev Gandhi

d)

Nehru